Which of the following is true regarding negotiable instruments in the European Union?
A) If a transaction is defined as a negotiable instrument within a certain country, it must conform to certain general characteristics outlined by the European Economic Council.
B) The European Economic Council adopted the UCC as the law in regard to negotiable instruments in all member countries of the European Union.
C) The European Economic Council adopted the UCC as the law in regard to negotiable instruments in all member countries of the European Union unless a member country has specifically opted out.
D) The European Economic Council suggests the UCC as the law in regard to negotiable instruments in all member countries of the European Union; but in order for it to be applicable, a member country must specifically affirm adoption of the UCC.
E) Negotiable instruments are not recognized.

Question

Quizplus · Accepted Answer

If a transaction is defined as a negotiable instrument within a certain country, it must conform to certain general characteristics outlined by the EEC. These general characteristics are intended to dilute the complexities of cross-border transactions.

Which of the Following Is True Regarding Negotiable Instruments in the European